Mad Statists

Washington state purges ‘sexist’ language from public laws

"40,000 words have been changed as part of an effort to rid state statutes of gender-biased language. The bill, signed into law earlier in the year, went into effect this week. And it was no small task. 'Fisherman' is now a 'fisher.' 'Penmanship' is called 'handwriting.' And 'manhole cover' is, well, still 'manhole cover.' 'His' is now 'his and hers.' 'Clergyman' is now 'clergy.' 'Journeyman plumber' is now 'journey-level plumber.' Washington is the fourth state to officially remove gender-biased language from the law. Others are Florida, North Carolina and Illinois. Nine other states are considering similar gender-neutral laws." Continue reading →

Continue ReadingWashington state purges ‘sexist’ language from public laws

Why Suppressing Feedback Leads to Financial Crashes

"The suppression of feedback only dams up risks and imbalances: out of sight, out of mind. But the imbalances haven't vanished; they're piling up unseen in the system, where they eventually break out at the system's weakest point. Central-planning manipulation 'works' by closing all the safety valves of market feedback, creating a dangerous but politically appealing illusion of stability and 'growth.' But the consequences of removing or suppressing feedback are catastrophic longer term, as the imbalances and risks pile up unseen until they bring down the entire system." Continue reading →

Continue ReadingWhy Suppressing Feedback Leads to Financial Crashes

Why Suppressing Feedback Leads to Financial Crashes

"The suppression of feedback only dams up risks and imbalances: out of sight, out of mind. But the imbalances haven't vanished; they're piling up unseen in the system, where they eventually break out at the system's weakest point. Central-planning manipulation 'works' by closing all the safety valves of market feedback, creating a dangerous but politically appealing illusion of stability and 'growth.' But the consequences of removing or suppressing feedback are catastrophic longer term, as the imbalances and risks pile up unseen until they bring down the entire system." Continue reading →

Continue ReadingWhy Suppressing Feedback Leads to Financial Crashes

Why Suppressing Feedback Leads to Financial Crashes

"The suppression of feedback only dams up risks and imbalances: out of sight, out of mind. But the imbalances haven't vanished; they're piling up unseen in the system, where they eventually break out at the system's weakest point. Central-planning manipulation 'works' by closing all the safety valves of market feedback, creating a dangerous but politically appealing illusion of stability and 'growth.' But the consequences of removing or suppressing feedback are catastrophic longer term, as the imbalances and risks pile up unseen until they bring down the entire system." Continue reading →

Continue ReadingWhy Suppressing Feedback Leads to Financial Crashes

Why Suppressing Feedback Leads to Financial Crashes

"The suppression of feedback only dams up risks and imbalances: out of sight, out of mind. But the imbalances haven't vanished; they're piling up unseen in the system, where they eventually break out at the system's weakest point. Central-planning manipulation 'works' by closing all the safety valves of market feedback, creating a dangerous but politically appealing illusion of stability and 'growth.' But the consequences of removing or suppressing feedback are catastrophic longer term, as the imbalances and risks pile up unseen until they bring down the entire system." Continue reading →

Continue ReadingWhy Suppressing Feedback Leads to Financial Crashes

Why Suppressing Feedback Leads to Financial Crashes

"The suppression of feedback only dams up risks and imbalances: out of sight, out of mind. But the imbalances haven't vanished; they're piling up unseen in the system, where they eventually break out at the system's weakest point. Central-planning manipulation 'works' by closing all the safety valves of market feedback, creating a dangerous but politically appealing illusion of stability and 'growth.' But the consequences of removing or suppressing feedback are catastrophic longer term, as the imbalances and risks pile up unseen until they bring down the entire system." Continue reading →

Continue ReadingWhy Suppressing Feedback Leads to Financial Crashes

Why Suppressing Feedback Leads to Financial Crashes

"The suppression of feedback only dams up risks and imbalances: out of sight, out of mind. But the imbalances haven't vanished; they're piling up unseen in the system, where they eventually break out at the system's weakest point. Central-planning manipulation 'works' by closing all the safety valves of market feedback, creating a dangerous but politically appealing illusion of stability and 'growth.' But the consequences of removing or suppressing feedback are catastrophic longer term, as the imbalances and risks pile up unseen until they bring down the entire system." Continue reading →

Continue ReadingWhy Suppressing Feedback Leads to Financial Crashes

Why Suppressing Feedback Leads to Financial Crashes

"The suppression of feedback only dams up risks and imbalances: out of sight, out of mind. But the imbalances haven't vanished; they're piling up unseen in the system, where they eventually break out at the system's weakest point. Central-planning manipulation 'works' by closing all the safety valves of market feedback, creating a dangerous but politically appealing illusion of stability and 'growth.' But the consequences of removing or suppressing feedback are catastrophic longer term, as the imbalances and risks pile up unseen until they bring down the entire system." Continue reading →

Continue ReadingWhy Suppressing Feedback Leads to Financial Crashes

Why Suppressing Feedback Leads to Financial Crashes

"The suppression of feedback only dams up risks and imbalances: out of sight, out of mind. But the imbalances haven't vanished; they're piling up unseen in the system, where they eventually break out at the system's weakest point. Central-planning manipulation 'works' by closing all the safety valves of market feedback, creating a dangerous but politically appealing illusion of stability and 'growth.' But the consequences of removing or suppressing feedback are catastrophic longer term, as the imbalances and risks pile up unseen until they bring down the entire system." Continue reading →

Continue ReadingWhy Suppressing Feedback Leads to Financial Crashes

Argentina’s grand plan to recover US dollars is about as worthless as its own currency

"For three months, anyone sitting on a pile of undeclared dollars will be able to contribute to Argentina’s already astronomical debt by depositing them at the central bank in exchange for a 4% annual return through 2017. But why would anyone buy Argentine bonds right now with American dollars? People aren’t sitting on dollars in Argentina because they make comfortable cushions; they’re hoarding them because it’s the safest investment in Argentina right now. Argentines are now willing to pay more than twice the open market exchange rate. The country’s crippling default in 2001 and the ensuing flash devaluation of the Argentine peso are fresh on everyone’s mind." Continue reading →

Continue ReadingArgentina’s grand plan to recover US dollars is about as worthless as its own currency